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Energy Economics and Policy - MSc

Course Description

Based in one of the top Economics schools in the UK and accredited by the Energy Institute, this programme draws on our longstanding expertise in the field of energy economics, benefiting from the research capabilities of the Surrey Energy Economics Research Centre.


The MSc Energy Economics and Policy programme provides a solid grounding in the economics of international oil and gas, the general principles of regulation, energy and environment policies and technology, and energy modelling.

You will gain a thorough understanding of microeconomics, macroeconomics and econometrics. Building on these foundations, the programme focusses on economic and policy issues affecting the energy sector.

Furthermore, guidance in research methodology will ensure you develop the skills required to effectively undertake thorough independent research.

Those wishing to work in research and/or policy-making in the energy area will find this programme particularly relevant.


This programme is studied full-time over one academic year and part-time over two academic years. It consists of eight taught modules and a dissertation. The following modules are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.
-Econometrics I
-Energy Economics and Technology
-Econometrics II
-Energy Regulation and Policy
-Empirical Methods in Energy Economics
-Economics of International Oil and Gas
-Research Methods and Dissertation


The main aims of the Department’s taught courses are to:
-Enable and encourage students to develop their capacity for learning and communication within an open, scholarly, environment
-Develop an appreciation of economics, both as an intellectual discipline and as an important contributor to an understanding of the world in ways which are of practical significance
-Prepare students for a range of careers and other activities in which independent thought and analysis, as well as effective communication, can contribute to an improvement in social and economic welfare
-Enable better performing students completing an MSc programme to progress either to further postgraduate research or to a career as a professional economist
-Provide an opportunity for students to apply and demonstrate a range of skills, including the capacity for independent study, through the completion of a MSc dissertation


The programme provides opportunities for students to develop and demonstrate knowledge and understanding, skills, qualities and other attributes in the following areas:

Knowledge and understanding
-An advanced understanding of the core principles in microeconomics, macroeconomics, and econometrics (all awards)
-An understanding of the techniques which have been used in contemporary economic research (PGDip and MSc)
-An ability to select appropriately between alternative analytical techniques and research methodologies which can be used in the evaluation of energy policy (PGDip and MSc)
-Awareness of current and advanced problems and new insights in energy economics (all awards)

Intellectual / cognitive skills
-An ability to investigate complex issues in energy economics, both in theoretical problems and in practical ones where data may be complicated or unavailable
-The skills necessary to comprehend published economic research papers, and to integrate the implications of published research in their own studies

Professional practical skills
-An ability to communicate effectively in prose and numerical form to specialists and non-specialists
-The ability to formulate a plan for specific individual research which would further existing knowledge
-The ability to communicate the results of independent research in the form of a dissertation

Key / transferable skills
-General skills, such as literacy, numerical, IT and computing (all awards)
-Interpersonal skills, such as communication (all awards)


We often give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities.

In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV.

Visit the Energy Economics and Policy - MSc page on the University of Surrey website for more details!

Student Profiles

Discounts for Surrey graduates - No. of awards TBC

If you are a self-funded UK, EU or international student who has studied for an undergraduate degree at the University of Surrey campus in Guildford, you could be eligible for a ten per cent discount on our taught postgraduate Masters programme fees. This scheme is for applicable to Postgraduate Taught entry students only and is reviewed annually.Students who graduated in 2013 are eligible, as well as alumni from previous years, on receipt of evidence of the award from Surrey and where we can identify that you actually studied in Guildford. Students from SII-DUFE are eligible for this scheme.Associated Institution students are not eligible. Not available to modular self-pacing students.

Value of Scholarship(s)

10% tuition fee discount


If you are a self-funded UK, EU or international student who has studied for an undergraduate degree at the University of Surrey campus in Guildford

Application Procedure

If you have any enquiries regarding this matter please contact the Student Fees and Funding Office on [email protected]

Further Information


Entry Requirements

Applicants should normally hold a minimum of a Bachelors degree (a UK 2.2) in economics or an equivalent qualification. Applicants without a Bachelors degree in economics should normally hold a 2:1 or equivalent qualification. Each applicant is assessed on their own merit. Applicants who have a joint degree in economics and a related discipline, or who have had a wide involvement in the field of their desired specialisation will be considered, as may graduates in engineering, mathematics and science.

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